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Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
Time delays, population, and economic development
Luca Gori1, Luca Guerrini2, Mauro Sodini3
1Department of Political Science, University of Genoa, Piazzale E. Brignole, 3a, I-16125 Genoa (GE), Italy.
Abstract:
This research develops an augmented Solow model with population dynamics and time delays. The model produces either a single stationary state or multiple stationary states (able to characterise different development regimes). The existence of time delays may cause persistent fluctuations in both economic and demographic variables. In addition, the work identifies in a simple way the reasons why economics affects demographics and vice versa.
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